Purpose. Development and improvement of a method for analyzing vibration signals from rolling bearings based on wavelet analysis for the detection and identification of equipment defects. Research methods. Wavelet analysis was employed for processing vibration signals from rolling bearings. Threshold wavelet filtering was applied to highlight weak impulse components in the signals, and Morlet wavelet was used to ensure effective filtration. Results. The research results indicate that the proposed method, utilizing wavelet filtering, enhances the speed and reliability of vibration diagnostics for bearings. This allows for the efficient extraction of characteristic frequencies associated with various types of rolling bearing defects. In comparison with other signal analysis methods, the use of the developed method based on continuous wavelet analysis has proven to be particularly effective in extracting characteristic diagnostic frequencies. This method not only allows for the identification of specific types of defects in rolling bearings but also ensures universality, enabling its successful application for analyzing other types of non-stationary signals. Experimental studies have confirmed the high efficiency of the developed method, especially in the early stages of defect development. The application of this method is evident not only in its ability to effectively highlight the characteristic frequencies of bearings but also in its capacity to conduct signal analysis for the identification of equipment defects as a whole. This makes the proposed method a promising and versatile tool for the diagnosis and monitoring of the condition of technical systems. Scientific novelty. Application of the proposed method for processing vibration signals from rolling bearings based on wavelet analysis to improve the effectiveness of defect detection and identification in equipment. Practical value. The developed method can be applied in the industrial sector for the analysis and diagnostics of rolling bearings in equipment. It enables the timely detection of defects, reduces the risk of equipment failure, and lowers operational maintenance costs. Thus, this method has practical value in enhancing the reliability and productivity of industrial equipment.